TDS SVP Hanley sells 68,759 shares at $38.16 ($2.6M); reduces holdings to 60,473 (-53.2%)
SVP Joseph Hanley sold 68,759 shares of Telephone & Data Systems for $2,623,678.42, reducing his holdings by 53.2% and leaving him with 60,473 shares post-transaction. The company is operating with significant headwinds: annual revenue has declined 3.8% year-over-year, the company was unprofitable over its most recent full fiscal year, and its current market cap stands at $1,949,120,611.20 against quarterly revenue of $1,186,000,000.00 with only $12,000,000.00 in net income. The sale occurred near the 52-week high ($40.31), with the stock currently at $39.10, suggesting the insider executed this transaction as the equity approached its recent ceiling. This substantial reduction in holdings by a senior executive responsible for strategy represents a material reduction in insider ownership at a time when the underlying business shows deteriorating fundamentals.